/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
TRADING SYMBOL: TSX: R
TORONTO, April 13 /CNW Telbec/ - Romarco Minerals Inc. (TSX-V: R) ("Romarco" or the "Company") is pleased to confirm that it has closed its previously announced bought deal common share public offering ("the Offering"), for aggregate gross proceeds to Romarco of C$120 million. A syndicate of underwriters, led by BMO Nesbitt Burns Inc. and Paradigm Capital Inc., and including GMP Securities L.P. and Wellington West Capital Markets inc., purchased an aggregate of 61,000,000 common shares of Romarco at a price of C$1.97 per share.
Romarco will use the net proceeds from the Offering to fund the continued development of the Haile Gold Mine, the potential acquisition of lands adjacent to and in the region of the Haile Gold Mine, regional exploration, working capital and general corporate purposes.
The underwriters have also been granted an over-allotment option to purchase up to an additional 9,150,000 common shares, equal to up to 15% of the common shares sold pursuant to the Offering, exercisable at any time, in whole or in part, up to 30 days from the closing of the Offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
About Romarco Minerals Inc.
Romarco Minerals Inc. is an exploration and development stage gold company focused primarily in the US and Mexico. The Company's flagship project is the Haile Gold Mine in South Carolina which is currently in the process of a feasibility study and continued exploration drilling.
Certain statements contained in this market release constitute forward-looking information, future oriented financial information, and financial outlooks (collectively forward-looking information) within the meaning of Canadian securities laws. Forward-looking information may relate to the matters discussed in this market release and other matters identified in Romarco's public filings, Romarco's future outlook and anticipated events or results and, in some cases, can be identified by terminology such as "may", "will", "should", "expect", "anticipate", "believe", "intend", "estimate", or other similar expressions concerning matters that are not historical facts.
This entire press release may be accessed via fax, e-mail, Romarco's website at www.romarco.com and through CNW Group's website at www.newswire.ca. All material information on Romarco Minerals Inc. can be found at www.sedar.com
"Neither the TSX Venture nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release"
SOURCE Romarco Minerals Inc.
For further information: For further information: Romarco Minerals Inc.: Diane Garrett, President and CEO, (210) 621-4200, firstname.lastname@example.org; Victoria Vargas, V.P., Investor Relations, (416) 367-5500, email@example.com; Renmark Financial Communications Inc.: Dan Symons, firstname.lastname@example.org; Christine Stewart, email@example.com; Media- Lynn Butler, firstname.lastname@example.org, (514) 939-3989, (416) 644-2020; www.renmarkfinancial.com